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Sep 30, 2012
09/12
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because gasoline tax pays for the the roads. i believe that's probably the best principle overall to deal with the questions and post office. >> claire mccaskill if >> i'm going to try to quote todd akin exactly on this. he said, we can keep raising the prices, if they get too high, the private sector can take over. i disagree. it is in the constitution. we have had the finest and the most reliable and most comprehensive postal service in the world. they have cut billions in expenses over the last several years. they have shrunk their woforce. what they've been required to do is prefund their pensions and healthcare for 75 years. no one in the private sector is required to prefund their pensions and healthcare for 75 years. no one in the governmental sector except the post office is required to do that. it's got them into a cash flow problem. we have to uncuff them and allow them to be entrepreneurial when it comes to the growth area postal service. i will tell you, mr. miller, you know this and many in this audience know this,
because gasoline tax pays for the the roads. i believe that's probably the best principle overall to deal with the questions and post office. >> claire mccaskill if >> i'm going to try to quote todd akin exactly on this. he said, we can keep raising the prices, if they get too high, the private sector can take over. i disagree. it is in the constitution. we have had the finest and the most reliable and most comprehensive postal service in the world. they have cut billions in...
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Oct 8, 2012
10/12
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>> he proposes a 20% across-the- board tax cuts. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their taxes? >> vice-president biden just today said that the middle-class over the last of we were years has been ". ." we agree. that means we need to stop digging by electing mitt romney the next president of the united states. >> what did you think, jonathan? >> you talk to a lot of folks in the romney campaign and they say joe biden is the gift that keeps on giving. you saw him pause when he said four years. i think he meant to say the last 10 years, and it came out wrong. this is fodder for the obama campaign. it will not change, i do not think, in a huge way, the course of events, but there is no question the obama campa
>> he proposes a 20% across-the- board tax cuts. >> marginal tax rate. >> alternative minimum tax. he proposes tax deductions in real-estate to reduce the deficits. what this means is, over time, $45 billion over the next decade. >> we are running short on time. the dough and paul debate. >> this is a deadly earnest. how they can justify raising taxes on the middle-class, who have been buried the last four years. how, in lord's name, can they justify raising their...
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Sep 30, 2012
09/12
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we're going to do it by giving tax breaks to companies that bring tax breaks back to america, not companies that take factories out of america. we are going to continue to knock down those barriers that exist around the world saying no american goods here. we are going to level the playing field. and guess what, folks, as i go around the world -- i have traveled over 600,000 miles since i have been vice president -- people are looking to buy the best products. and those products have "made in america" stamped on them. if we knock it down, they will buy it. [cheers and applause] we are going to cut our oil imports in half by 2020, produce more american-made energy from oil, natural gas, clean coal, biofuel. ladies and gentlemen, a lot of people do not understand this. i love to hear them talk about their energy policy -- which is drill, baby, drill. let me tell you something. you all realize there are more gas and oil rigs pumping today than all the rest of the rigs in the entire rest of the world. do you know that? that's a fact. that's why we are importing less than we have in decades. tha
we're going to do it by giving tax breaks to companies that bring tax breaks back to america, not companies that take factories out of america. we are going to continue to knock down those barriers that exist around the world saying no american goods here. we are going to level the playing field. and guess what, folks, as i go around the world -- i have traveled over 600,000 miles since i have been vice president -- people are looking to buy the best products. and those products have "made...
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Oct 7, 2012
10/12
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. >> i'm not in favor of a $5 billion tax cut. >> reporter: and after romney took aim at sesame street -- >> i'm going to stop the subsidy to pbs, i'm going to stop other things -- i like pbs. i like big bird. >> reporter: big bird stayed way up past his bedtime to appear on "saturday night live." >> do you have any political statement you would like to make? >> no, i don't want to ruffle any feathers. >> reporter: first up here in los angeles, president obama will attend a small fundraiser with former president bill clinton and then he will attend a production at the theater tonight. vice president joe biden is getting ready for thursday night, and it is somewhat in damage control mode. lester? >> we want to turn now to our political director and chief white house correspondent chuck todd. chuck, the debate, the positive numbers we noted potential game changers for both candidates last week, how do you expect they'll try to build off this week? >> they're trying to go on the air using the debate in tv advertisements to try to sort of blunt some of the debate momentum that romney got.
. >> i'm not in favor of a $5 billion tax cut. >> reporter: and after romney took aim at sesame street -- >> i'm going to stop the subsidy to pbs, i'm going to stop other things -- i like pbs. i like big bird. >> reporter: big bird stayed way up past his bedtime to appear on "saturday night live." >> do you have any political statement you would like to make? >> no, i don't want to ruffle any feathers. >> reporter: first up here in los...
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Oct 6, 2012
10/12
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there are $300 billion worth of tax cuts. it is easy to get tax cuts. sending people their money back. $200 billion of aid to states which giving to states so they don't have to cut their teachers and cops or reduce their medicaid services. we know how to give up $250 checks to seniors like the stimulus did or food stamps or unemployment benefits but the stuff that was spent people expected there to be a lot of fraud. 5% to 7% so far they put basically the toughest investigators in washington who is a guy who broke open the jack abrams of scandal and cause the oil regulators sleeping with oil executives, to oversee the stimulus and they found so far $7.2 million of fraud -- ted deutch elson implementation story federal lot more fun than they sound about the weatherization division and -- which was known as the turkey farm at the department of energy because that is where. basically send -- is impossible to get rich republican employees so he thought if you kill the weatherization program he would put the worst employees there and kill it and tell the st
there are $300 billion worth of tax cuts. it is easy to get tax cuts. sending people their money back. $200 billion of aid to states which giving to states so they don't have to cut their teachers and cops or reduce their medicaid services. we know how to give up $250 checks to seniors like the stimulus did or food stamps or unemployment benefits but the stuff that was spent people expected there to be a lot of fraud. 5% to 7% so far they put basically the toughest investigators in washington...
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Oct 3, 2012
10/12
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what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a math problem. they can't pay for it. if they can't pay for it, then they are going to raise taxes on the middle class. that's what the economic studies have shown. and look, i don't know anybody who thinks we're another tax cut for a millionaire away from a stronger middle class. that's just not how we have built our economy before and it's not how we're going to continue to make our country on the debate moderator to do itill ?e present be >> ihink the debate morato think the president will push back pticularly on some of thes
what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a...
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. >> how they can justify raising taxes in the middle class has been buried the last four years. how in lord's name can they justify it? >> reporter: republicans pounced. >> we agreed. we need to elect mitt romney the next president of the united states. >> reporter: in person absentee voting is already under way. early voeting going only in other states. both sides know tomorrow's debate could be the last one some voters see. >> i think it's an opportunity for governor romney to flush out these issues face-to-face. >> he's very good at explaining what's going on, what he's proposing, what he has done. and i don't think there's anything to worry about. >> reporter: or does he? the latest poll shows the head-to-head race tightening a bit with president obama still on top. but on a key issue of the economy, a potentially revealing shift that could help the president. 57% believe they think the economy is recovering, the largest number seen so far in this campaign. >> nbc news will have live team coverage and analysis that will begin at 9:00 tomorrow night. and we invite you to stay
. >> how they can justify raising taxes in the middle class has been buried the last four years. how in lord's name can they justify it? >> reporter: republicans pounced. >> we agreed. we need to elect mitt romney the next president of the united states. >> reporter: in person absentee voting is already under way. early voeting going only in other states. both sides know tomorrow's debate could be the last one some voters see. >> i think it's an opportunity for...
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Oct 1, 2012
10/12
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we don't want to tax more people with bad tax policy. we want to grow the middle class and get people back to work with higher take home fay. the secret to this is economic growth, chris. the premise of the conversations and tax reform point is as if the economic pie is fixed and that it is governments if job to redistribute the slices. is not how the world works. we want to grow the pie and we want economic opportunity. we want people to be able to get a better job and have more income security and higher take home pay and you can do that through economic growth and that is what we are trying to provide and what we can get if we put the progrowth policies in place. >> chris: a number of top republicans say that when romney picked you as his running mate a little over a month ago that they thought that this indicated that you guys were going to run a bold reform agenda campaign and now expressing some frustration that instead of you changing romney you heard this that they feel that romney is changing you and you are running a much more
we don't want to tax more people with bad tax policy. we want to grow the middle class and get people back to work with higher take home fay. the secret to this is economic growth, chris. the premise of the conversations and tax reform point is as if the economic pie is fixed and that it is governments if job to redistribute the slices. is not how the world works. we want to grow the pie and we want economic opportunity. we want people to be able to get a better job and have more income...
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Oct 5, 2012
10/12
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i am a tax cheat, i don't pay my taxes. if i'm walking down the street and someone has a gun to my head should a scoop protect me? >>lis: of course. yes. you got me both ways because is different. a firefighter for your home should come there and protect you and your children your family whether you pay the fee. the point is it is a fee, not a tax. just to make sure that your community is safe. that's all it is. $150? really? really? really? >> i'm pretty sure whatever reviewing court looks at it will find that the label does not rule the day. it is the effect, which is a levee, a charge, a charge on the taxpayers of california and they will pay it with a two-thirds majority vote. there has to a constitutionality and procedural constitutionality. >> if we allow this to lap in every town, can't they levee the fees all over the place if everything? >>lis: you go, taking it out of the public safety or public service which is where it belongs, you go to the public library, you get a book out, you are late on the book, you get a
i am a tax cheat, i don't pay my taxes. if i'm walking down the street and someone has a gun to my head should a scoop protect me? >>lis: of course. yes. you got me both ways because is different. a firefighter for your home should come there and protect you and your children your family whether you pay the fee. the point is it is a fee, not a tax. just to make sure that your community is safe. that's all it is. $150? really? really? really? >> i'm pretty sure whatever reviewing...
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Oct 3, 2012
10/12
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asked if woe release more taxes. there needs to be some kind of tax question tonight because the reality is that a lot of folks don't earn very much money in places here like denver are paying a higher percentage of their income than romney. romney believes there should be lower rates for investments but hasn't explained why it is fair that he pays a lower rate. >> quick on your list of questions, many have been asked to the candidates at some point or certainly, prepared to answer. will you be stunned if the questions on the stimulus on the case of the president or taxes, to romney, go unanswered without the candidate being specific? >> well, i won't be surprised at all but the nice thing about a debate is that i think the moderator, jim lehrer, is going to take a step back and allow the clash between the candidates. i think if romney gives a nonanswer to that question we just talked about obama will say, no, answer that question and that will generate an exciting back and forth and make for a great debate. sfeefrnl
asked if woe release more taxes. there needs to be some kind of tax question tonight because the reality is that a lot of folks don't earn very much money in places here like denver are paying a higher percentage of their income than romney. romney believes there should be lower rates for investments but hasn't explained why it is fair that he pays a lower rate. >> quick on your list of questions, many have been asked to the candidates at some point or certainly, prepared to answer. will...
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Oct 8, 2012
10/12
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after that, a look at the tax proposals of president obama and mitt romney. another chance to see q &a. >> after being in office, we were sitting in the oval office and larry summers said, mr. president, looking at this year's budget come at you are going to have a trillion dollar deficit. i have not done anything yet, he said. >> we cannot keep looking our children in the high knowing that we are going to give them a diminished future because we are spending their money today. it is a very simple idea. mitt romney and i are going to bring it to washington. we've got to stop spending money we do not have. we must cut spending, we must get this balanced budget. >> next thursday night, paul brian and joe biden will face off in their only critic paul brian and joe biden will face off in their only debate. you can watch and engage with c- span with our live debate preview starting at 7:00. your reactions at 10:30. a follow our live coverage on c- span, c-span radio, and online. >> i watched on c-span the various congressional hearings and deliberation on public p
after that, a look at the tax proposals of president obama and mitt romney. another chance to see q &a. >> after being in office, we were sitting in the oval office and larry summers said, mr. president, looking at this year's budget come at you are going to have a trillion dollar deficit. i have not done anything yet, he said. >> we cannot keep looking our children in the high knowing that we are going to give them a diminished future because we are spending their money today....
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and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan. >> this was dishonest. >> i'm not in favor of a $5 trillion tax cut. >> the governor knows his $5 trillion tax cut isn't too popular, so a few weeks before the election, he's trying to pretend it doesn't exist. >> reporter: president obama at a star-studded fundraising concert, heads to san francisco today with romney's poll numbers improving. >> they're looking very good. >> reporter: after the debate, romney is within two points of the president. and tomorrow, both candidates head to ohio, battleground ohio, where early voting is already under way. tomorrow is the last day to register to vote there. veronica? >> thank you. mitt
and president obama. >> he will ultimately have to raise taxes on middle income taxes by $4,000 a year. >> reporter: since last week's debate, which romney is widely regarded as having won, both sides argued the other was dishonest. >> he was a little taken aback at the brazenness with which governor romney walked away from so many of the positions on which he's run. >> reporter: their truth war now on tv. >> not telling the truth about mitt romney's tax plan....
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may go as far as endorsing a candidate for president with the hopes that the irs will revoke their tax-exempt status. it's part of a growing effort by the group alliance defending freedom to challenge the johnson amendment, which they say is unconstitutional. it states, religious organizations cannot participate in or interfere in any political campaign on behalf of any candidate. >>> all right, it's one of the biggest challengers for the busy traveler staying fit while you are on the road. our richard klaas has a plan that will have you doing push-ups in your pjs. >> adrian has been training me for four years. he knows my travel lifestyle well. so he's put together a routine of exercises suited to a hotel room of any size. when you wake up, in your pjs, all in 10 minutes. >> you're going to sit all day in a meeting, and you've probably been on the plane for four hours up to 16 hours depending how far you've flown and your body is just stuck. it just wants to move, so move. >> so the workout. six simple steps. >> first let's do a squat. the thing about the squats is you'll be in a sitting pos
may go as far as endorsing a candidate for president with the hopes that the irs will revoke their tax-exempt status. it's part of a growing effort by the group alliance defending freedom to challenge the johnson amendment, which they say is unconstitutional. it states, religious organizations cannot participate in or interfere in any political campaign on behalf of any candidate. >>> all right, it's one of the biggest challengers for the busy traveler staying fit while you are on the...
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Oct 3, 2012
10/12
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/ryan tax plan will raise taxes on middle-class families with a child, one or more children by an additional $2,000 a year. how -- all kidding aside, without the boos. stop all that malarkey. this is deadly ernest, man. this is deadly ernest. how they can justify -- how they can justify raising taxes on the middle class that's been buried the last four years. how in lord's name can they justify it? >> the romney campaign picked up on that middle class being buried for the last four years during which president obama was in the white house while campaigning in iowa. paul ryan did not miss the opportunity to seize on biden's choice of words. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. of course the middle class has been buried. they're being buried by regulations. they're being buried by taxes. they're being buried by borrowing. they're being buried by the obama administration's economic failures. >> the romney campaign also chimed in on twitter writing agree with joe biden. the middle class has been buried the last
/ryan tax plan will raise taxes on middle-class families with a child, one or more children by an additional $2,000 a year. how -- all kidding aside, without the boos. stop all that malarkey. this is deadly ernest, man. this is deadly ernest. how they can justify -- how they can justify raising taxes on the middle class that's been buried the last four years. how in lord's name can they justify it? >> the romney campaign picked up on that middle class being buried for the last four years...
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Oct 5, 2012
10/12
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it entirely with their tax deductions so we either have to increase taxes on the middle class or he would have to have his tax plan add to the deficit and he hasn't been willing to say where he compromised. >> rose: that's where the rubber meets the ground for him. >> though those are all totally legitimate critiques of governor romney's plan, but i think the governor romney is being held to kind of a double standard on these things. i mean, candidate obama opposed an individual mandate on healthcare and got into office and saw the realty reality of where the votes were and decided he was for an individual mandate. >> candidate obama won't tell us what he wants to do on social security and what his ideas are for a grand bargain with the republicans, so i think governor romney on this point, yes, if you take strictly what he said and what he hasn't said it is not cle how itdds up but don't think there any mystery that if he not elected his tax plan would be, would resellable this but there is a way to swear some of the inconsistencies and fill in some of the holes and maybe there wouldn't
it entirely with their tax deductions so we either have to increase taxes on the middle class or he would have to have his tax plan add to the deficit and he hasn't been willing to say where he compromised. >> rose: that's where the rubber meets the ground for him. >> though those are all totally legitimate critiques of governor romney's plan, but i think the governor romney is being held to kind of a double standard on these things. i mean, candidate obama opposed an individual...
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Oct 5, 2012
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level with us about his tax plan which gives the wealthy huge new tax breaks? if we can't trust him here, how could we ever trust him here? >> the romney campaign has taken issue of course with what the obama campaign uses which is a tax policy center analysis. in that ad that draws on the -- to argue that mitt romney's tax plan depends on a $5 trillion tax cut that's not paid for. the conclusion they drew is the only way you offset those tax cuts over ten years, after handcuffing yourself on the pledges that romney has made to reduce tax rates across the board by 20% eliminating the alternative minimum tax and erasing the federal estate tax is to eliminate deductions that will inevitably touch the middle class. the romney folks say the obama campaign and tax policy center created a strawman. the problem is the romney campaign hasn't created their own and responded with any detail on how they would do it. it becomes impossible at least politically once you account for the pledge handcuffs that romney has made. while the president didn't fully acknowledge he cam
level with us about his tax plan which gives the wealthy huge new tax breaks? if we can't trust him here, how could we ever trust him here? >> the romney campaign has taken issue of course with what the obama campaign uses which is a tax policy center analysis. in that ad that draws on the -- to argue that mitt romney's tax plan depends on a $5 trillion tax cut that's not paid for. the conclusion they drew is the only way you offset those tax cuts over ten years, after handcuffing...
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Oct 2, 2012
10/12
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for the rich and tax the middle class. you see ad after that and they are both false. i think he needs to look at the camera straight. explain in a sentence or two why each is completely false. to then turn to the president and ask him how he can premise his entire election on way of presenting the romney position that is so at odds with the truth. so, bit of defense. then i think he goes on offense. that i think is something he has to do because those images of him as kuing the taxes to the rich to -- and putting burden on the middle class is killing him. >> bret: panel, as always, from different parts of the country, thank you. steve, juan, charles. that's it. but stay tuned for final look ahead from denver as we get ready for this big night tomorrow night. [ female announcer ] food, meet flavor. flavor, meet food. it's time for swanson flavor boost. concentrated broth in easy to use packets. mix it into skillet dishes, for an instant dose of... hell-o! [ female announcer ] get recipes at flavorboost.com. droid does. and
for the rich and tax the middle class. you see ad after that and they are both false. i think he needs to look at the camera straight. explain in a sentence or two why each is completely false. to then turn to the president and ask him how he can premise his entire election on way of presenting the romney position that is so at odds with the truth. so, bit of defense. then i think he goes on offense. that i think is something he has to do because those images of him as kuing the taxes to the...
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Oct 2, 2012
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, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire narrative of this race is going to change. >> this is
, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first...
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Oct 4, 2012
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a candidate says i'm going to lower the tax rates but i'm going to broaden the tax base. what you get is lower rates, you get a lot of the former, you get very little of the latter. because like bob says, once you start going into how you're going to broaden the base, then it's don't look at me, look at the other guy. so the danger of this tax reform trap that governor romney is trying to sell right now is that you're going to end up with massively lower tax rates and you're not going to broaden the base much at all such that you'll have an explosive budget deficit, it's very much what we saw in the bush supply side trickle down years. >> bob, debatess left. the vice presidential debate, the town hall presidential debate and then the debate on foreign policy. >> i think we throw out the myth that somehow or other only the first debates matter. i think the other debates will have big audiences. i'm through with the expectations game. i think vice president biden will do very well next week. i think the president will bring his best game to these next two debates. this guy
a candidate says i'm going to lower the tax rates but i'm going to broaden the tax base. what you get is lower rates, you get a lot of the former, you get very little of the latter. because like bob says, once you start going into how you're going to broaden the base, then it's don't look at me, look at the other guy. so the danger of this tax reform trap that governor romney is trying to sell right now is that you're going to end up with massively lower tax rates and you're not going to...
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cut taxes and we will see growth. this is such the overstimulated economy we have so much government doesn't this change the algorithms? >> it does. the tax rate reduction is necessary but not sufficient we have to get at of the hands to read -- regulate large segments is everybody said bill the house and cut down the tree they did not say you could not do any of those under the epa. lou: obama appeals to the middle-class as he will try tonight unemployment over 8% it has ben devastating. how this the have a compelling message the shambles of the middle-class? >> he is not afraid of the truth he does not want the american people to know the work force is shrinking and it is more profitable for the american people to be on the dole and for them to go out to work that has made the workforce shrink and make it smaller. >> how does governor romney convince the people that are watching and make it compelling he could change the destiny of the correction and of the country within two minutes or maybe the rebuttal? >> he doe
cut taxes and we will see growth. this is such the overstimulated economy we have so much government doesn't this change the algorithms? >> it does. the tax rate reduction is necessary but not sufficient we have to get at of the hands to read -- regulate large segments is everybody said bill the house and cut down the tree they did not say you could not do any of those under the epa. lou: obama appeals to the middle-class as he will try tonight unemployment over 8% it has ben devastating....
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Oct 4, 2012
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by tax expenditures. >> he also said he would not sign any tax deal. >> that's true. that's why you have the upsets that he's talking about. it's not going to be easy. it took three years to do it in the 1986 tax bill. it's not going to be easy here. i have to say, he outlined three ways to deal with trying to reduce the debt. he took one of them off there. you have to deal with two sides here. no taxes to deal with the deficit. is that the right thing? >> keep in mind, he made it very clear that unlike this president, who i have to like as a person. i know him well. unlike president obama, he wants to work with congress. he knows he's not going to get anything done if he doesn't work with congress. >> but he drew a line there. is that a fuzzy line? >> i'm with it on the line. one thing that has to be made very clear is the wealthy will be paying just as much as they're paying now. >> but they shouldn't pay more. >> i thought one of the best lines is that basically we're tired of trickle down government. and he turned the tables on the president. we have the president
by tax expenditures. >> he also said he would not sign any tax deal. >> that's true. that's why you have the upsets that he's talking about. it's not going to be easy. it took three years to do it in the 1986 tax bill. it's not going to be easy here. i have to say, he outlined three ways to deal with trying to reduce the debt. he took one of them off there. you have to deal with two sides here. no taxes to deal with the deficit. is that the right thing? >> keep in mind, he...
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cut, there will not be tax cuts, big tax cuts? >> it would reduce the rate and in all likelihood you would maintain the same amount of revenue and, of course, revenue grows and people have more confidence in the economy. they have more confidence in fairness and equity and that the rules are rules they can live with. >> governor o'malley, let me pick your brain as head of the democratic governors association. there are 11 governorships up. right now four of the eight that you're defending look like they could go to republicans. what's wrong here at the state level because the republicans look like they're maintaining and could pick up some of the governorships currently held by democrats. what's going on? >> well, actually we're being greatly outspent in virtually every state, and we are defending 11 states. some of them not in the friendliest of terrains for president obama, but as we saw last year in kentucky, a state that where the president did not prevail, our candidate was all about jobs, all about bringing people together t
cut, there will not be tax cuts, big tax cuts? >> it would reduce the rate and in all likelihood you would maintain the same amount of revenue and, of course, revenue grows and people have more confidence in the economy. they have more confidence in fairness and equity and that the rules are rules they can live with. >> governor o'malley, let me pick your brain as head of the democratic governors association. there are 11 governorships up. right now four of the eight that you're...